$ETH Faces Heavy Supply — Short Setup Still Favored 🔻
Short Trade Signal (Day Trade):
Sell Zone: 3,115 – 3,160
TP1: 3,050
TP2: 2,980
TP3: 2,880
SL: 3,220
Leverage: 20–40x (Risk 1–2%)
Open Trade in Future👇🏻
Spot Traders:
Avoid aggressive spot buying at current levels. Better spot accumulation zones are 3,000 – 2,880, where stronger daily support and demand are present. If holding from lower prices, consider partial profit booking near resistance.
Why This Trade:
$ETH is struggling to reclaim the 3,130–3,160 resistance zone, which has repeatedly rejected price on both the 1H and 1D timeframes. Every push higher is being sold into, showing clear seller dominance. The recent breakdown below short-term support confirms weakness, not strength.
Market structure remains bearish with lower highs intact, and price is trading below major resistance levels, keeping downside pressure active. Volume also increased during bearish candles, confirming distribution rather than healthy accumulation.
From a fundamental and sentiment perspective, ETH momentum is lagging BTC, ETF-related optimism has cooled, and traders are heavily positioned on the long side near resistance — a classic setup for another downside sweep. As long as $ETH stays below 3,200, shorts remain the higher-probability trade.
Support Zones:
3,050 – 3,000 (intraday support)
2,900 – 2,850 (major demand zone)
Resistance Zones:
3,115 – 3,160 (immediate sell zone)
3,200 – 3,220 (strong rejection area)
Pullback Zones for Shorts:
3,115 – 3,160 → Best short re-entry zone
3,200 – 3,220 → Strong sell wall if liquidity spike occurs
Trade patiently and manage risk properly. If you’re not following Token Talk, you’re seriously missing the real market moves.